Meiwa Estate Company Limited (TSE:8869) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 6.43% of its issued share capital (excluding treasury stock), at ¥668 per share, for ¥1,068.80 million. The purpose of the program is to implement an agile capital policy in response to changes in the business environment. The program will run until May 11, 2021. As of May 10, 2021, the company had 24,893,684 shares in issue (excluding treasury stock) and 50 shares in treasury.